Loblaws

Grocery giant Loblaw Cos. Ltd. Is testing a new discount store in Calgary as it braces for intensified competition from low-cost U.S. titans and incumbent Canadian rivals. Loblaw recently rolled out a 10,000 square foot outlet in Calgary called The Box by No Frills, which is a smaller version of its discount outlet that it started in Ontario and has expanded to Western provinces. (Globe and Mail)

Loblaws announced Tuesday that a total of seven stores, including six existing Loblaws stores and one new construction, will be part of the initial launch phase of their new 'Provigo Le Marche' banner, which will be launched in 2013. The Provigo Le Marché banner will join the current network of 77 Provigo stores located across Québec (Canada Newswire).

Loblaws Companies Ltd. has filed a prospectus for a $7 billion dollar REIT called Choice Property Real Estate (Financial Post). It includes 35 million sq.ft. of leasable space within 415 retail properties, an office complex and nine warehouse properties. Loblaws says the value of the properties will be above $7 billion and will represent 75% of it's real estate portfolio. Retail properties include 267 with a stand-alone Loblaw store, 143 with a Loblaw store and one or more third-party tenants and five properties with only third-party tenants. Loblaws will account for 88.3% of Choice Properties' gross leaseable area.

Below is the preliminary prospectus for Choice Properties Real Estate: